Curb your enthusiasm - there should be one more dip to buyGaps always fill.
I did go through 6 months of charts once though, and believe me it's true. Every CME Bitcoin futures weekend gap filled within a month.
This isn't that chart. It's just a friendly reminder that for a spot position, there's likely to be a better entry than right now coming up soon.
Not advice. Past doesn't always resemble future. Or vice-versa.
Cme!
Bitcoin: Absolutely CRITICAL CME Gap Analysis 1D (Jul. 27)X Force Global Analysis:
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In this analysis, we refer to the CME Bitcoin Futures chart to assess the possible bullish and bearish probabilities, as well as significant support and resistance zones.
Analysis
- To begin with, we can first notice that Bitcoin has broken out of the descending trend line resistance
- This adds weight to a significantly bullish case, as it provides confirmation for the consolidation being over
- We can also notice two major gaps on the chart, that haven't been filled.
- The first gap is at 11.8K, near the 0.786 Fibonacci retracement resistance level
- The second gap is at 9.8k, near the 0.618 Fibonacci retracement resistance level
- We are currently having difficulties breaking through resistance, as the 0.618 has been tested multiple times over the past few months
Market Sentiment:
Long short ratios are at 73 to 27, with significantly more long positions than shorts, indicating a strongly bullish market sentiment.
What We Believe
We believe that despite the gap at 9.8k, more weight is added to a bullish scenario, as we have broken out of major trend line resistance, and the psychological resistance at 10k as well.
Let us know what you think in the comment section below
Trade Safe.
Amazon ( Amzn ) prediction based on Neowave Strategy!Amazon has reacted to the price of $3200 after hitting Fibo 0.786% and we expect it to fall to the range of $2700 with negative and positive fluctuations. This analysis is not a trading signal and is only a forecast for the future trend of the market.
EURUSD | H4 overviewHello traders! Since the price crossed the critical level of 1.1281 for the previous scenario, so I switched to an alternative count. From 1.1202 to 1.1293, a bullish impulse probably formed. It is possible that wave {ii} was completed at 1.1202. If this idea is correct, we will see growth with the breakdown of channels.
EURUSD may decline | H4 overviewHello Traders! It is possible that wave (b) of {ii} was completed in the form of a barrier triangle. Wave (b) rolled back wave (a) by 0.382. I think that the wave (c) of {ii} has now begun to develop. Since two diagonals in one zigzag are rare, I expect to see a wave (c) as a impulse. I have two goals derived from the ratio: (c) = (a), (c) = 0.618 (a). You can see them on the chart. If the price goes up and crosses 1.1281, then I will switch to an alternative calculation of waves with the continuation of the development of wave (b), or the idea in which the second wave takes the form of a sideways correction.
BTC1!: CME TD 9 Bear Trap Buy SignalCautious shorting the current 4hr candle on BTCUSD, currently looking at a bear trap on the CME futures chart with a TD buy signal on the 4hr. Bears are also failing to move price strength into oversold conditions, signalling signs of bearish exhaustion, as CMF returns to positive.
S&P is finding support (for now) from the 200 Day MA that could confirm with a candle close by end of day.
Remaining cautious, could turn bullish. Might as well fill the little weekend gap at $9,175 - $9,220 that's closeby before falling lower at least.
Courtesy of Tone Vays TI Indicator: tonevays.com
Inverse Head & Shoulders Fracta - Deadcat to $9.4K?
A few possible scenarios:
The Euro will growKey Levels: 1.0671, 1.1502
It is possible that the second wave ended at 1.0671. Also, the second wave rolled back the first wave by 0.786. We see that the price rested on the upper border of the corrective channel and for several weeks can not break it. Breaking through this channel will confirm the idea of unfolding the wave {3} or {C}. I think that the Euro is now developing a wave (1) of {3}. If this is the case, then we have a great opportunity to make a profit.
BTC! - Small CME Gap is still in playThere's a small unclosed cme gap between $9250 - $9180. It doesn't mean we immediately should rise up, but it needs to be considered when evaluating your risk (>90% of gaps closed).
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Bitcoin Ramping up for 7.7k retest. Many Bearish Signs!!! Hello guys. Bitcoin has displayed many bearish signs.
Firstly Bitcoin has broken out of its daily Ascending triangle downwards. This means that it will likely hit a target of 7.8k (Green zone).
Bitcoin has also closed below the Daily EMA ribbon. Every time this happens it indicates that the daily trend has ended, And that we are about to go much lower. We are able to see this in previous history(Highlited by Green circles). Its likely that Bitcoin might retest the EMA ribbon. This might be a good place to place a short position if you havent already.
Remember guys there is a CME gap at 7.7k
Historically these fill, So Bitcoin might go back down to this zone to fill it.
On the weekly time frame there is a Bearish RSI divergence and a Bearish Engulfing candle. We are able to see this here:
These two signs indicate a reversal in the trend on the weekly time frame.
BTC1! CME BTC Futures, false breakoutFuture price dropped below key resistance at 9350, only to form a bullish divergence and reverse back over the resistance. Support of price by the 9350 resistance will confirm continuation to most probably 10K level completing a W pattern and retesting the ascending channel.
Next Threshold Target > $1540 for RTY!First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, given support momentum for RTY! and the recent high, the next bullish target it seems to be heading towards is the $1540 price point. Overall, I'm bullish and its looks to have some strong support metrics.
CME - Bullish on push above the 618CME - Bullish on push above the 618
CME - Bullish on push above the 618 @187.72
I will be buying July or August CALLS this am.
I will add to my position on a drop to lower band of the downtrend regression channel @172-170 if needed.
1st Target = 786fib @ 202
2nd Target = 222
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Bitcoin CME and Spot RSI LongTermOn the Weekly RSI , you can see a formation has been resolved to the upside and the RSI line tested the formation and became support.
And on the RSI , the MA and EMA of it have a positive slope.
So far So good.
This formation is on CME and Spot at the same time.
On the other hand on Moving Average perspective the lower periods are on top of higher periods and they have a positive slope.